Dominion Energy, Inc. (NYSE:D) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp grew its holdings in Dominion Energy, Inc. (NYSE:D) by 16.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,497 shares of the utilities provider’s stock after purchasing an additional 18,709 shares during the quarter. Cibc World Markets Corp’s holdings in Dominion Energy were worth $7,136,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Howard Capital Management Group LLC purchased a new position in shares of Dominion Energy in the 3rd quarter valued at $210,000. Empowered Funds LLC increased its stake in shares of Dominion Energy by 10.1% during the third quarter. Empowered Funds LLC now owns 14,460 shares of the utilities provider’s stock worth $836,000 after acquiring an additional 1,323 shares during the period. AMG National Trust Bank boosted its stake in shares of Dominion Energy by 1.9% in the third quarter. AMG National Trust Bank now owns 57,879 shares of the utilities provider’s stock valued at $3,345,000 after buying an additional 1,052 shares in the last quarter. Quest Partners LLC lifted its stake in shares of Dominion Energy by 771,000.0% in the third quarter. Quest Partners LLC now owns 7,711 shares of the utilities provider’s stock valued at $446,000 after purchasing an additional 7,710 shares during the period. Finally, Pathstone Holdings LLC raised its holdings in Dominion Energy by 2.7% during the third quarter. Pathstone Holdings LLC now owns 338,001 shares of the utilities provider’s stock worth $19,533,000 after purchasing an additional 8,736 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE D opened at $54.77 on Wednesday. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97. The business’s fifty day moving average is $55.15 and its two-hundred day moving average is $56.33. The stock has a market capitalization of $46.66 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.22 and a beta of 0.58. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.88%. Dominion Energy’s dividend payout ratio is currently 98.89%.

Analysts Set New Price Targets

A number of brokerages have recently commented on D. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Finally, Scotiabank upped their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $57.18.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.